3 Growth Stocks to Buy and Hold Forever

Monster Beverage (NASDAQ: MNST)

Current Price: $50.57 | Today's Change: +0.22% ($0.11)

Monster Beverage, which sells energy drinks like Monster Energy and Predator, had a 29.7% market share in the U.S. in 2023. The company’s revenue for 2023 rose 13.1% to $7.1 billion, with net income increasing by 37% to $1.6 billion. Positive free cash flow for 2023 was $1.5 billion, more than double the previous year.

Monster’s strong performance continued in Q1 2024 with revenue up 11.8% year over year to $1.9 billion. The company is continuously launching new products and expanding into new markets, ensuring ongoing revenue and income growth.

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Sea Limited (NYSE: SE)

Current Price: $74.51 | Today's Change: -0.52% (-$0.39)

Sea Limited operates in digital entertainment, e-commerce, and digital financial services. Garena’s Free Fire was the most downloaded mobile game in Q1 2024. Shopee leads in Southeast Asian e-commerce with a gross merchandise value of $47.9 billion. Sea Limited reported its first annual profit in 2023 and continues to grow, despite a net loss in Q1 2024 due to increased marketing expenses.

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Coupang (NYSE: CPNG)

Current Price: $21.09 | Today's Change: -0.89% (-$0.19)

Coupang is the leading e-commerce provider in South Korea and offers services like restaurant deliveries and video streaming. The company reported a net income of $1.4 billion in 2023 with sales up 18.5%. For Q1 2024, revenue including Farfetch rose 23% year over year. Coupang's dominant position and recent acquisition of Farfetch position it well for continued growth.